Agrium receives FIRB approval for acquisition of AWB

October 04, 2010
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by World Grain Staff

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MELBOURNE, AUSTRALIA — AWB Limited announced on Oct. 4 that it has been advised by Agrium Inc. that it has received clearance from the Australian Foreign Investment Review Board (FIRB) in relation to Agrium’s proposed acquisition of AWB under a scheme of arrangement at a price of A$1.50 per share.

FIRB has notified Agrium that there are no objections to the proposed acquisition in terms of the Australian government's foreign investment policy.

As a result, the condition precedent to the scheme implementation deed between AWB and Agrium in relation to this approval is now satisfied.